LeEco founder Jia Yueting has stepped down from his position CEO of Leshi Internet Information and Technology Corp., the company’s main publicly listed unit, according to a report from Reuters. The move comes as part of a wider restructuring aiming to address the business’ recent cash-flow problems.

Jia will be replaced by Liang Jun, a former Lenovo executive who joined Leshi — also known as Le.com — in 2012, while chief financial officer Yang Lijie, who resigned due to personal...